North Miami’s three approved census tracts
cover critical potential investment areas within the City’s Northeast
industrial corridor and Northwest 7th Avenue business corridor. The
Opportunity Zone designations within these three tracts provide incentives for
investors to direct money into historically under-invested areas.

“Designating these three census tracts as
Opportunity Zones will provide an additional tool for economic development in
our community,” said North Miami City Manager, Larry M. Spring, Jr. “I
believe it will promote further investment in our City and create a ripple
effect on commerce, industry, tourism and the quality of life here.”

Governor Scott submitted statewide nominations
for Opportunity Zones to the U.S. Treasury Department on April 19, 2018. The
Treasury Department certified the nominated Opportunity Zones earlier this
month.

For more information about the Opportunity
Zones Program and a full list of Florida’s certified census tracts, contact the
Florida Department of Economic Opportunity at (850) 245-7130.